Bitcoin

Bitcoin what a huge uncorrelation with S&P

85
At the current values of the S&P500 index, Bitcoin was priced at $55,000-$59,000 in 2022.


Unfortunately, starting from around May, Bitcoin has completely lost its correlation with the S&P 500 index. Despite the S&P's rapid growth of over 10%, Bitcoin has remained relatively stagnant.

To make matters worse, if significant downward trends occur in the S&P 500, Bitcoin will not withstand it and the correlation will temporarily return. In other words, Bitcoin is currently unresponsive to minor movements (both upward and downward) in the S&P 500, but it will react to a major downturn.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.